Region effects in the internationalization-performance relationship in Chinese firms

被引:47
作者
Chen, Stephen [1 ]
Tan, Hao [2 ]
机构
[1] Macquarie Univ, Dept Business, N Ryde, NSW 2109, Australia
[2] Univ Western Sydney, Sch Management, Penrith, NSW 1797, Australia
关键词
Foreign sales; Interregional sales; Intraregional sales; Tobin's Q; Dynamic panel model; EMERGING MARKETS; BUSINESS GROUPS; DIVERSIFICATION; EXPANSION; MULTINATIONALITY; STRATEGIES; EXPORTS;
D O I
10.1016/j.jwb.2010.10.022
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the relationship between internationalization and performance in Chinese MNEs using panel data on 887 publicly listed Chinese firms over the nine-year period. A second aim of this paper was to test for the effects of the geographic regions where Chinese firms internationalize on their performance. The results show that the internationalization-performance relationship varies significantly depending on whether internationalization takes place within the Greater China region, within Asia or outside Asia. Internationalization within the Greater China region had the greatest benefit, the effect remaining positive and significant even after taking into account reverse causality effects. (C) 2010 Elsevier Inc. All rights reserved.
引用
收藏
页码:73 / 80
页数:8
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